Euro Zone

Euro Zone coverage from Reuters.

Business News5 hours ago

Euro zone finance ministers pledged on Monday an "unlimited" commitment to fight the economic fallout of the coronavirus pandemic, saying they would do whatever it takes and more to restore confidence and a rapid recovery.

Business News8 hours ago

Euro zone finance ministers said on Monday the bloc had so far deployed a fiscal boost worth 1% of its gross domestic product to help the economy with the effects of the coronavirus epidemic and pledged to do more if needed.

Business News12 hours ago

The EU economy is likely to shrink 1% this year as a result of the coronavirus, a European Commission document showed, but officials said internal Commission estimates were more pessimistic and pointed to a recession of even 2.5%.

Business News12 hours ago

The European Union could provide 28-40 billion euros immediately to support small and medium-sized companies hit by the effects of the coronavirus pandemic, the European Investment Bank said in a letter to EU finance ministers.

World News13 hours ago

Europe is looking to ban foreign nationals from coming into the Schengen open border zone, two sources said, as the continent scrambles to contain the spread of coronavirus.

Business News16 hours ago

Euro zone finance ministers will discuss on Monday the possible use of an EU emergency fund worth more than 400 billion euros ($447.6 billion) to tackle the economic crisis caused by the coronavirus outbreak, officials said.

Business News4 days ago

The European Union and the euro zone are very likely to be in a recession this year because of the coronavirus outbreak, a top economic official of the European Commission said on Friday.

Business News4 days ago

The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc's economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday.

Business News4 days ago

Britain and the European Union agreed to cancel face-to-face trade negotiations planned for next week in London due to the coronavirus outbreak, the UK government said on Thursday, adding however that alternatives were being explored.

Business News4 days ago

Southern European bond yields soared on Thursday, euro area stocks were set for their worst day ever and the euro tumbled as markets expressed disappointment in the European Central Bank's easing measures to contain the fallout from the coronavirus. A comment by ECB chief Christine Lagarde that the central bank was not there to "close spreads" hit peripheral government bond markets especially hard.

Business News5 days ago

Euro zone industrial production leapt in January by far more than expected, official estimates released on Thursday show, in a sign that a recovery in the bloc was underway before the coronavirus began hitting the economy last month.

Business News6 days ago

A key market gauge of long-term euro zone inflation expectations in the euro area slumped to a new record low below 0.9% on Wednesday, a day before the European Central Bank meets.

Business News7 days ago

FILE PHOTO: Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012.  REUTERS/Fabian Bimmer/File Photo

The euro zone economy grew at a snail's pace in the fourth quarter, figures on Tuesday confirmed, as investments and consumer and government spending just offset the impact of a sharp rise in imports.

Business News8 days ago

FILE PHOTO: Britain's Chancellor of the Duchy of Lancaster Michael Gove is seen outside Downing Street in London, Britain, March 2, 2020. REUTERS/Tom Nicholson

Britain said on Monday it intended to produce a draft Free Trade Agreement (FTA) before its next round of negotiations with the European Union later this month.

World News8 days ago

European Union leaders are set to hold a teleconference "shortly" to discuss a coordinated EU response to the coronavirus outbreak, the president of the European Council Charles Michel said on Monday.

World News8 days ago

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman

The European Parliament will hold an emergency meeting on Monday to consider calling off this week's plenary session of the EU assembly due to the coronavirus outbreak, two officials said.

Business News8 days ago

FILE PHOTO: European Central Bank President Christine Lagarde addresses the European Parliament during a debate on the 2018 annual report of the ECB in Strasbourg, France, February 11, 2020. REUTERS/Vincent Kessler/File Photo

European Central Bank President Christine Lagarde faces her first major test on Thursday, as a panicked market awaits her plan to tackle the fallout from a coronavirus outbreak that risks tipping the euro zone into recession.

World News8 days ago

FILE PHOTO: Turkish President Tayyip Erdogan attends a joint news conference with Russian President Vladimir Putin (not pictured) following their talks in Moscow, Russia March 5, 2020. Pavel Golovkin/Pool via REUTERS

The European Council said on Sunday that Turkish President Tayyip Erdogan will visit Brussels on March 9, to discuss EU-Turkey matters including Syria and migration.

World News9 days ago

A second coronavirus case was detected at the Council of the European Union in Brussels last week and 46 staff were asked to stay at home and monitor their health, according to an email sent seen by Reuters.

World News10 days ago

European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday.

Business News5 hours ago

Euro zone finance ministers pledged on Monday an "unlimited" commitment to fight the economic fallout of the coronavirus pandemic, saying they would do whatever it takes and more to restore confidence and a rapid recovery.

Business News8 hours ago

Euro zone finance ministers said on Monday the bloc had so far deployed a fiscal boost worth 1% of its gross domestic product to help the economy with the effects of the coronavirus epidemic and pledged to do more if needed.

Business News12 hours ago

The EU economy is likely to shrink 1% this year as a result of the coronavirus, a European Commission document showed, but officials said internal Commission estimates were more pessimistic and pointed to a recession of even 2.5%.

Business News12 hours ago

The European Union could provide 28-40 billion euros immediately to support small and medium-sized companies hit by the effects of the coronavirus pandemic, the European Investment Bank said in a letter to EU finance ministers.

World News13 hours ago

Europe is looking to ban foreign nationals from coming into the Schengen open border zone, two sources said, as the continent scrambles to contain the spread of coronavirus.

Business News16 hours ago

Euro zone finance ministers will discuss on Monday the possible use of an EU emergency fund worth more than 400 billion euros ($447.6 billion) to tackle the economic crisis caused by the coronavirus outbreak, officials said.

Business News4 days ago

The European Union and the euro zone are very likely to be in a recession this year because of the coronavirus outbreak, a top economic official of the European Commission said on Friday.

Business News4 days ago

The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc's economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday.

Business News4 days ago

Britain and the European Union agreed to cancel face-to-face trade negotiations planned for next week in London due to the coronavirus outbreak, the UK government said on Thursday, adding however that alternatives were being explored.

Business News4 days ago

Southern European bond yields soared on Thursday, euro area stocks were set for their worst day ever and the euro tumbled as markets expressed disappointment in the European Central Bank's easing measures to contain the fallout from the coronavirus. A comment by ECB chief Christine Lagarde that the central bank was not there to "close spreads" hit peripheral government bond markets especially hard.

Business News5 days ago

Euro zone industrial production leapt in January by far more than expected, official estimates released on Thursday show, in a sign that a recovery in the bloc was underway before the coronavirus began hitting the economy last month.

Business News6 days ago

A key market gauge of long-term euro zone inflation expectations in the euro area slumped to a new record low below 0.9% on Wednesday, a day before the European Central Bank meets.

Business News7 days ago

FILE PHOTO: Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012.  REUTERS/Fabian Bimmer/File Photo

The euro zone economy grew at a snail's pace in the fourth quarter, figures on Tuesday confirmed, as investments and consumer and government spending just offset the impact of a sharp rise in imports.

Business News8 days ago

FILE PHOTO: Britain's Chancellor of the Duchy of Lancaster Michael Gove is seen outside Downing Street in London, Britain, March 2, 2020. REUTERS/Tom Nicholson

Britain said on Monday it intended to produce a draft Free Trade Agreement (FTA) before its next round of negotiations with the European Union later this month.

World News8 days ago

European Union leaders are set to hold a teleconference "shortly" to discuss a coordinated EU response to the coronavirus outbreak, the president of the European Council Charles Michel said on Monday.

World News8 days ago

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman

The European Parliament will hold an emergency meeting on Monday to consider calling off this week's plenary session of the EU assembly due to the coronavirus outbreak, two officials said.

Business News8 days ago

FILE PHOTO: European Central Bank President Christine Lagarde addresses the European Parliament during a debate on the 2018 annual report of the ECB in Strasbourg, France, February 11, 2020. REUTERS/Vincent Kessler/File Photo

European Central Bank President Christine Lagarde faces her first major test on Thursday, as a panicked market awaits her plan to tackle the fallout from a coronavirus outbreak that risks tipping the euro zone into recession.

World News8 days ago

FILE PHOTO: Turkish President Tayyip Erdogan attends a joint news conference with Russian President Vladimir Putin (not pictured) following their talks in Moscow, Russia March 5, 2020. Pavel Golovkin/Pool via REUTERS

The European Council said on Sunday that Turkish President Tayyip Erdogan will visit Brussels on March 9, to discuss EU-Turkey matters including Syria and migration.

World News9 days ago

A second coronavirus case was detected at the Council of the European Union in Brussels last week and 46 staff were asked to stay at home and monitor their health, according to an email sent seen by Reuters.

World News10 days ago

European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday.

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